VIDEO: Policy Breakfast on the State of Rent Stabilization in New York City
Furman Center for Real Estate and Urban Policy (New York)
Making up nearly one million units of the city’s housing stock, rent stabilization programs ensure housing affordability for a significant number of New Yorkers. On October 3rd, 2018 the NYU Furman Center hosted an event to examine the state of rent stabilization programs, tenants, and the effect of regulated units on New York City neighborhoods.
The Furman Center’s Executive Director Jessica Yager presented a brief history and breakdown of types of rent stabilization, tenant protections, and the location of rent-stabilized units in New York. Following the presentation, a panel explored the ways in which tenants and neighborhoods have been affected by rent stabilization policies. The discussion examined who most benefits from rent stabilized units, how rent stabilized tenants are affected by gentrification, and current landlord practices in managing rent stabilized units. Panelists examined the impact of stabilization in the West Bronx, where nearly two-thirds of units are rent stabilized, and compared the landscape of New York to that of San Francisco, the nation’s second-most rent regulated city.
NYU Furman Center Faculty Director Vicki Been moderated the panel, which included:
- Brian Asquith, Economist, W.E. Upjohn Institute for Employment Research; Author, “Rent Control and Evictions: Evidence from San Francisco”
- Elyzabeth Gaumer, Assistant Commissioner of Research and Evaluation, New York City Department of Housing Preservation and Development
- Vanessa Gibson, New York City Council Member for the 16th Council District
- Delsenia Glover, Executive Director, Tenants & Neighbors
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